Where—
an inspector resigns,
an inspector's appointment is revoked, or
an inspector dies,
the Secretary of State may appoint one or more competent inspectors to continue the investigation.
An appointment under subsection (1) shall be treated for the purposes of this Part (apart from this section) as an appointment under the provision of this Part under which the former inspector was appointed.
The Secretary of State must exercise his power under subsection (1) so as to secure that at least one inspector continues the investigation.
Subsection (3) does not apply if—
the Secretary of State could give any replacement inspector a direction under section 446B (termination of investigation), and
such a direction would (under subsection (4) of that section) result in a final report not being made.
In this section, references to an investigation include any investigation the former inspector conducted under section 433(1) (power to investigate affairs of holding company or subsidiary).